The acquisition of property of companies that are in the process of insolvency is subject to VAT.
As the State Tax Service clarified, the acquisition of property of taxable entities that are in the process of insolvency (except for property that is in the process of restructuring and implementation of the plan, in accordance with the Insolvency Law), is subject to value added tax. Accordingly, legal entities and individuals engaged in entrepreneurial activities, including persons engaged in professional activities in accordance with the law, and acquiring on the territory of Moldova the property of enterprises registered as VAT payers, in which insolvency procedures have been initiated (except for the above exceptions) are subjects of taxation VAT. The concept of “property” should be understood as property, goods, tangible and (or) intangible assets belonging to an enterprise that is in the process of insolvency. Payment of VAT is made by the buyer before the 25th day of the month following the month in which the delivery took place, the tax invoice was issued or on the date of payment, whichever occurred first. Information about whether a taxpayer is in the process of insolvency or not can be found through the online service of the State Tax Service (https://sfs.md/ro/services-online/route.taxpayer_information) or on the website of the courts (https://instante .justice.md). // 21.11.2023 — InfoMarket
